Wednesday, October 8, 2014


Stock Market Update
Market Snapshot
Dow 16994.22 +274.83 (1.64%)
Nasdaq 4468.59 +83.39 (1.90%)
SP 500 1968.89 +33.79 (1.75%)
10-yr Note +7/32 2.313

NYSE Adv 2500 Dec 613 Vol 900.1 mln
Nasdaq Adv 2002 Dec 801 Vol 2.15 bln

Industry Watch
Strong: Consumer Staples, Financials, Health Care, Utilities. Technology

Weak: Energy, Materials, Telecom Services

Moving the Market
Growth concerns remain at the forefront: China's HSBC Services PMI slips to 53.5 from 54.1 (expected 53.8)

FOMC Minutes echo concerns about a potential global slowdown

Dow Jones Transportation Average continues recent weakness

Crude oil slides below $88.00/bbl
Frequent updates that focus on broad U.S. and overseas market activity, key economic releases and stock futures trading that begin prior to U.S. market open and end with a final comment after the close.

FOMC Minutes Spark Broad Rally


08-Oct-14 16:10 ET
Dow +274.83 at 16994.22, Nasdaq +83.39 at 4468.59, S&P +33.79 at 1968.89
[BRIEFING.COM] The stock market ended the Wednesday session on an upbeat note despite enduring a shaky start. The S&P 500 spiked 1.8% with the bulk of the gain coming after ...

Precious metals rally on FOMC


08-Oct-14 15:30 ET
Dow +247.02 at 16966.35, Nasdaq +80.34 at 4465.54, S&P +29.92 at 1965.01
[BRIEFING.COM] Gold traded higher overnight, broke down in a big way this morning, but has since fully recovered, now higher by 0.6% and back in the upper band of this ...

High-Beta Names Outperform


08-Oct-14 15:00 ET
Dow +191.18 at 16910.51, Nasdaq +60.95 at 4446.15, S&P +22.08 at 1957.17
[BRIEFING.COM] The S&P 500 trades higher by 1.1% with one hour remaining in the session. The health care sector (+2.0%) leads into the final hour, while utilities (+1.7%) and technology ...

VIX on Lows


08-Oct-14 14:30 ET
Dow +211.27 at 16930.60, Nasdaq +59.23 at 4444.43, S&P +24.51 at 1959.60
[BRIEFING.COM] Equity indices continue hovering near their best levels of the day with the S&P 500 up 1.2%. After enduring a shaky first half of the session, the ...

FOMC Minutes Highlight Global Growth Concerns


08-Oct-14 14:05 ET
Dow +115.02 at 16834.35, Nasdaq +25.82 at 4411.02, S&P +12.81 at 1947.90
[BRIEFING.COM] The major averages have spiked to fresh highs following the just-released minutes from the September FOMC meeting. Most notably, the minutes revealed that Fed officials saw ...
MARKET PLACE

Read more: http://www.briefing.com/investor/markets/stock-market-update#ixzz3Fae9GVb7

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